Yesterday the Obama administration announced that healthcare.gov “will work smoothly for the vast majority of users.” Presumably they intended this as some sort of victory announcement after their self-imposed deadline of December 1 to fix the many … Continue reading →
Just a few kind words from a handful of federal officials about the positive aspects of the Bitcoin market Monday afternoon were all it took to send the digital currency rocketing from $675 to $900 in a matter of hours.
If you think Amazon.com Inc. (Nasdaq: AMZN) will do a booming business on Cyber Monday this year, consider that Chinese shoppers will spend more money today with that country’s top e-commerce website, Alibaba.com Ltd., than American shoppers will spend on Black Friday and Cyber Monday combined.
After more than 30 years in the markets, I’ve seen all kinds of new technologies that are supposed to change the world. Most are pumped by little-known companies with overly hyped marketing, aggressive underwriters, and little more than vaporware. To say I’m jaded would be an understatement.
Ezra Klein, one of the biggest supporters of Obamacare the statute, has already called the launch of Obamacare a “disaster,” and it looks like things are now getting worse: as people are actually able to buy insurance, … Continue reading →
There’s a shake-up brewing in the business world. Al Mulally, CEO of a rejuvenated, refocused, and red-hot Ford Motor Company, may be heading over to Microsoft, where CEO Steve Ballmer is retreating under fire.
When the Apple stock price (Nasdaq: AAPL) slipped below $400 in April and again in June, a lot of Wall Street pundits concluded that the company was a spent force and moved on.
But just when it looked like the Apple bears might be right, the company started to gain back lost ground.
BlackBerry Ltd. (Nasdaq: BBRY) stock suffered a black eye last week, but now a white knight hopes to turn things around for the company.
This is a syndicated repost courtesy of Money Morning. To view original, click here. Anyone still wondering why Microsoft Corp. (Nasdaq: MSFT) Chief Executive Officer (CEO) Steve Ballmer is being forced into early retirement need look no further than the $7.2 billion Nokia Corp. (NYSE ADR: NOK) deal announced today (Tuesday). In a note to…
Rackspace Hosting (NYSE: RAX) is currently the number two provider of cloud computing. The company has been under the microscope lately as its stock has dropped nearly 45% year-to-date.
But the microscope is not just fixated on Rackspace, it’s also focused on the entire cloud computing sector.
This sector is growing rapidly with analysts speculating enthusiastically that the overall cloud market could reach anywhere from $40 billion to $70 billion by 2016 or earlier.
But with extreme growth comes extreme competition. This competition is not coming from the under $6 billion market cap companies similar to Rackspace.
The company’s competition comes from the largest names in tech – Microsoft and industry leader Amazon.
For those unfamiliar with the term “cloud computing” the business is quite simple to describe.